If you cast your minds back to the beginning of the year, you’ll remember that Mulberry issued a profit warning reporting that it had severely suffered over the holidays, and many were left guessing that its luxury price tag was finally becoming a little too much for the brand. Fast forward almost six months and a new, more affordable collection is born.

It’s always great to splash out on an extra expensive piece of arm candy but can most of us realistically justify spending up to £2000 on a new handbag? The news of a range that’s still an investment, yet not so crippling on the purse strings, has been well received by the majority, save for the odd bag snob who refuses to pay so little for Mulberry. Years ago, when Mulberry initially launched, its price points were nowhere near as steep as they are now and the new Tessie range, which starts at a much more reasonable £495, is reminiscent of the brand's earlier pricing.

Nail the mini bag trend with the mini small satchel or opt for the classic full size. Or, choose between a casual cool slouchy hobo and a smart shopper. You can view the collection in a choice of timeless colourways online at Mulberry here.

​Our UK Fashion Correspondent, Samantha Robinson, is a London-based fashion and lifestyle writer. She also writes for the Yahoo! Contributor Network UK, and is about to fuel her Kate Middleton style obsession with her new blog 'The Duchess' Style Steal' for helloonline.com. She is also the founder and manager of her own humoristic, collaborative blog, TheFashionGuise.com.�